Short Interest in VOC Energy Trust (NYSE:VOC) Increases By 79.0%

VOC Energy Trust (NYSE:VOC) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 42,308 shares, an increase of 79.0% from the June 30th total of 23,639 shares. Based on an average trading volume of 57,849 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.2% of the company’s stock are short sold.

VOC Energy Trust Trading Down 11.8%

NYSE VOC traded down $0.39 on Thursday, reaching $2.93. The stock had a trading volume of 318,393 shares, compared to its average volume of 116,993. VOC Energy Trust has a 1 year low of $2.60 and a 1 year high of $3.84. The business has a 50 day moving average price of $3.01 and a 200 day moving average price of $3.15. The company has a market capitalization of $49.76 million, a price-to-earnings ratio of 6.65 and a beta of 0.13.

VOC Energy Trust (NYSE:VOC) last posted its quarterly earnings results on Wednesday, May 13th. The oil and gas producer reported $0.09 earnings per share for the quarter. The company had revenue of $1.59 million during the quarter. VOC Energy Trust had a return on equity of 71.27% and a net margin of 90.03%.

VOC Energy Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Thursday, July 30th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 38.3%. This is a boost from VOC Energy Trust’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, July 30th. VOC Energy Trust’s dividend payout ratio is presently 86.36%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of VOC Energy Trust in a report on Tuesday, July 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in VOC Energy Trust stock. International Assets Investment Management LLC purchased a new stake in shares of VOC Energy Trust (NYSE:VOC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,000 shares of the oil and gas producer’s stock, valued at approximately $27,000. International Assets Investment Management LLC owned approximately 0.06% of VOC Energy Trust at the end of the most recent quarter.

VOC Energy Trust Company Profile

VOC Energy Trust is a Canada-based unincorporated, open-ended royalty trust focused on upstream oil and gas interests. Headquartered in Calgary, Alberta, the trust holds non-operated royalty and net profit interests in conventional petroleum and natural gas properties. VOC’s structure allows it to collect a percentage of production revenues without directly managing exploration or drilling activities.

The trust’s asset portfolio is concentrated in the Western Canadian Sedimentary Basin, with producing properties across Alberta, Saskatchewan and British Columbia.